Fiveable Raises $615K Seed Round to Expand Livestream Tutoring Platform

Financing

Fiveable Raises $615K Seed Round to Expand Livestream Tutoring Platform

Jan 7, 2020

Fiveable, a Milwaukee-based startup that offers livestream tutoring sessions, has raised $615,000 in a seed round, according to a blog post from founder and CEO Amanda DoAmaral. Cream City Ventures, an investment firm affiliated with Northwestern Mutual (and named after Milwaukee’s nickname), led the round.

Fiveable was founded in 2018 after DoAmaral, a former teacher at Oakland Unified School District in California, began livestreaming test-prep sessions for her former students. Today, the company offers weekly livestreams for over a dozen AP subjects, some led by other teachers. For a monthly or annual subscription, users can access recordings and study materials shared during the livestreams.

The funding will allow the company to hire additional staff and support its content development effort, according to DoAmaral’s post, which also chronicles the dramatic ups and downs of her rollercoaster startup journey. EdSurge interviewed her last April in a profile of Fiveable’s founding story.

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